RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SWX
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Southwest Gas Corporation stock downgraded to Hold/Accumulate
(Updated on May 01, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 6.66% PDF

The Southwest Gas Corporation stock price fell by -0.0134% on the last day (Wednesday, 1st May 2024) from $74.62 to $74.61. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.02% from a day low at $74.13 to a day high of $75.63. The price has been going up and down for this period, and there has been a 1.41% gain for the last 2 weeks. Volume has increased on the last day by 22 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 305 thousand shares were bought and sold for approximately $22.72 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $74.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.12% during the next 3 months and, with a 90% probability hold a price between $94.81 and $105.51 at the end of this 3-month period.

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SWX Signals & Forecast

The Southwest Gas Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $74.94. On a fall, the stock will find some support from the long-term average at approximately $73.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -2.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Southwest Gas Corporation stock

Southwest Gas Corporation finds support from accumulated volume at $73.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.50 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: $72.52 (-2.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (SWX) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Southwest Gas Corporation to open at $74.79, and during the day (based on 14 day Average True Range), to move between $73.07 and $76.15, which gives a possible trading interval of +/-$1.54 (+/-2.06%) up or down from last closing price. If Southwest Gas Corporation takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $74.95 (0.46%) than the support at $73.03 (2.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Southwest Gas Corporation will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.70. We will update the financials statements for Southwest Gas Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.54% in the first trading day after earnings release.

Is Southwest Gas Corporation stock A Buy?

Southwest Gas Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.682 Hold/Accumulate Downgraded

Predicted Opening Price for Southwest Gas Corporation of Thursday, May 2, 2024

Fair opening price May 2, 2024 Current price
$74.79 ( 0.241%) $74.61

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SWX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 76.29 2.25 %
R2 75.72 1.48 %
R1 75.36 1.01 %
Current price: 74.61
Support S1 74.22 -0.527 %
S2 73.86 -1.00 %
S3 73.29 -1.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 76.13 2.04 %
R2 75.15 0.724 %
R1 74.95 0.456 %
Current price 74.61
Support S1 73.03 -2.12%
S2 72.86 -2.35%
S3 71.06 -4.76%

SWX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 May 14, 2024 Jun 03, 2024 $0.620 0.83%
2 Nov 15, 2023 Feb 14, 2024 Mar 01, 2024 $0.620 0.89%
3 Sep 20, 2023 Nov 14, 2023 Dec 01, 2023 $0.620 1.03%
4 May 03, 2023 Aug 14, 2023 Sep 01, 2023 $0.620 1.00%
5 Feb 23, 2023 May 12, 2023 Sep 01, 2023 $0.620 1.00%

FAQ

What is the symbol for Southwest Gas Corporation Stock and on which exchange is it traded?
The symbol for Southwest Gas Corporation is SWX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Southwest Gas Corporation Stock?
Southwest Gas Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Southwest Gas Corporation Stock?
Southwest Gas Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Southwest Gas Corporation Stock.

What's the current price of Southwest Gas Corporation Stock?
As of the end of day on the May 01, 2024, the price of an Southwest Gas Corporation (SWX) share was $74.61.

What is the 52-week high and low for Southwest Gas Corporation Stock?
The 52-week high for Southwest Gas Corporation Stock is $76.75 and the 52-week low is $53.80.

What is the market capitalization of Southwest Gas Corporation Stock?
As of the May 01, 2024, the market capitalization of Southwest Gas Corporation is 5.345B.

When is the next earnings date for Southwest Gas Corporation?
The upcoming earnings date for Southwest Gas Corporation is May 08, 2024.
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About Southwest Gas Corporation

Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residenti... SWX Profile

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